19 hours Ago By Defense World Staff
Charles Schwab Investment Management Inc. lessened its position in MasTec, Inc. (NYSE:MTZ – Free Report) by 0.
9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 624,468 shares of the construction company’s stock after selling 5,847 shares during the period. Charles Schwab Investment Management Inc.
owned about 0.79% of MasTec worth $85,015,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently made changes to their positions in MTZ.
Verdence Capital Advisors LLC bought a new position in shares of MasTec in the third quarter worth approximately $203,000. Atria Investments Inc bought a new position in shares of MasTec in the third quarter worth approximately $302,000. Crossmark Global Holdings Inc.
lifted its stake in shares of MasTec by 216.4% in the third quarter. Crossmark Global Holdings Inc.
now owns 11,673 shares of the construction company’s stock worth $1,437,000 after buying an additional 7,984 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of MasTec in the third quarter worth approximately $3,195,000. Finally, Lisanti Capital Growth LLC lifted its stake in shares of MasTec by 31.
4% in the third quarter. Lisanti Capital Growth LLC now owns 43,090 shares of the construction company’s stock worth $5,304,000 after buying an additional 10,305 shares in the last quarter. Institutional investors own 78.
10% of the company’s stock. MasTec Stock PerformanceShares of NYSE MTZ opened at $108.45 on Tuesday.
The firm has a fifty day moving average price of $140.09 and a 200-day moving average price of $132.15.
The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.
20. The stock has a market cap of $8.60 billion, a PE ratio of 96.
83 and a beta of 1.74. MasTec, Inc.
has a 1 year low of $82.29 and a 1 year high of $166.95.
MasTec (NYSE:MTZ – Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.
28 by $0.08. The firm had revenue of $3.
40 billion during the quarter, compared to analysts’ expectations of $3.32 billion. MasTec had a net margin of 0.
73% and a return on equity of 8.27%. Equities analysts anticipate that MasTec, Inc.
will post 3.44 earnings per share for the current fiscal year. Wall Street Analysts Forecast GrowthMTZ has been the topic of several analyst reports.
Stifel Nicolaus dropped their target price on shares of MasTec from $185.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd.
Robert W. Baird decreased their price objective on shares of MasTec from $162.00 to $153.
00 and set a “neutral” rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. boosted their price objective on shares of MasTec from $154.
00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. KeyCorp boosted their price objective on shares of MasTec from $153.
00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Finally, Truist Financial boosted their price objective on shares of MasTec from $173.
00 to $189.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company.
According to data from MarketBeat.com, MasTec currently has an average rating of “Moderate Buy” and a consensus target price of $160.14.
Read Our Latest Research Report on MTZMasTec Company Profile (Free Report)MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.Featured ArticlesFive stocks we like better than MasTecBest ESG Stocks: 11 Best Stocks for ESG InvestingHow to Protect Your Portfolio When Inflation Is RisingHow to Know Which Cryptocurrency to Buy: A Guide for Investors3 Tech Stocks Defying Sector Weakness and Thriving in 2025How to Invest in Small Cap Stocks Despite Challenges Novo Nordisk Plans to Crush GLP-1 CompetitorsWant to see what other hedge funds are holding MTZ? Visit HoldingsChannel.
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